GBPNOK

GBPNOK is a cross-pair that contains the British pound sterling as the main currency and the Norwegian krone as the quoted currency. The pair has high volatility, especially during the European session.
The stable economy of Great Britain has developed sectors of industry and services (financial, insurance, legal). A significant impact on the pound's exchange rate is asserted by the cost of oil on the world market.
The economy of Norway is focused on the export of raw materials (wood, aluminum), hydrocarbons (oil, gas), and electricity. In this connection, the essential influence factors to the national currency - the Norwegian krone - are the prices for oil and raw materials. The main sectors of the country's economy are trade and public services, industry, and tourism. The peculiarity of the economic system of Norway is the availability of a reserve fund, which consists of oil profits and is meant to stabilize the national currency in the event of short-term falls in world oil prices.
When conducting a fundamental analysis, it is necessary to take into account the influence of the US dollar on both currencies that make up GBPNOK pair. Thus, in addition to considering the current characteristics of the economic situation of the UK and Norway, it is necessary to pay attention to such indicators of the United States as the refinancing rate, unemployment, business activity level, GDP data, and inflation. With due account to these factors influencing the rate of the British pound against the Norwegian krone and applying technical analysis tools, one can successfully trade GBP/NOK pair in the short and medium term.
Below is the chart of GBP/NOK online quotes in real time.

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Sell

Buy

Mood

1-day change

10.70736

10.69848

N/A

Buy

+0.0275(+0.26%)

The rate of GBPNOK (GBPNOK) currency pair for today is $10.70736. The highest cost of GBPNOK (GBPNOK) for today was $10.7050, the lowest rate was $10.6620. The opening price: $10.6765. The quotes chart of GBPNOK (GBPNOK) currency pair in real time is presented below.

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